Segantii Capital Management Ltd Boosts Holdings in iRobot Co. (NASDAQ:IRBT)

Segantii Capital Management Ltd increased its stake in iRobot Co. (NASDAQ:IRBT - Free Report) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 684,397 shares of the industrial products company's stock after purchasing an additional 234,397 shares during the quarter. iRobot accounts for 1.4% of Segantii Capital Management Ltd's portfolio, making the stock its 18th largest position. Segantii Capital Management Ltd owned about 2.46% of iRobot worth $26,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of iRobot by 522.0% in the fourth quarter. Allworth Financial LP now owns 678 shares of the industrial products company's stock worth $26,000 after buying an additional 569 shares during the last quarter. Byrne Asset Management LLC bought a new position in iRobot in the fourth quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of iRobot during the 4th quarter worth $60,000. Harvest Fund Management Co. Ltd bought a new stake in shares of iRobot during the 3rd quarter valued at $93,000. Finally, Larson Financial Group LLC increased its stake in shares of iRobot by 11,822.9% in the 4th quarter. Larson Financial Group LLC now owns 4,173 shares of the industrial products company's stock worth $161,000 after purchasing an additional 4,138 shares in the last quarter. Institutional investors own 77.42% of the company's stock.

Insider Activity

In other news, Director Colin M. Angle sold 179,503 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the sale, the director now directly owns 14,797 shares of the company's stock, valued at approximately $169,573.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.04% of the company's stock.

iRobot Price Performance

NASDAQ IRBT traded up $0.48 during trading hours on Thursday, reaching $11.40. The company's stock had a trading volume of 2,724,879 shares, compared to its average volume of 2,751,243. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 1.03. iRobot Co. has a 1 year low of $6.48 and a 1 year high of $51.49. The firm's 50-day moving average price is $8.85 and its 200-day moving average price is $21.28. The company has a market capitalization of $324.26 million, a price-to-earnings ratio of -1.03 and a beta of 0.91.

iRobot (NASDAQ:IRBT - Get Free Report) last issued its earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. The company had revenue of $307.54 million for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. On average, equities research analysts predict that iRobot Co. will post -4.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IRBT shares. Citigroup lowered their target price on iRobot from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. StockNews.com upgraded iRobot from a "sell" rating to a "hold" rating in a research note on Friday, January 12th.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.